This isn't the first time Apple thought about launching a money-transfer service.
Venmo and PayPal may soon have some serious competition, as Apple, Inc.is reportedly developing its own person-to-person payment service.
"Banks spent heavily in insuring their cards were top of wallet when they all built and rolled out Apple Pay", Cherian Abraham, a digital payments executive at Experian, told Recode. The service would likely be more deeply integrated with iOS than competing services would be and it could help to boost usage of Apple Pay, especially if Apple got that prepaid debit card that it's rumored to be in talks with Visa about. "Chase's QuickPay service processed $28 billion in transfers last year, while Venmo registered $17.6 billion in volume and is still doubling year over year". If someone sends you money using Apple Pay, you could be able to use this balance using this card. Rumor has it that Apple recently held meetings with other payment industry companies.
Mobile payments are big business. So, say I wanted to send a buddy some money, well, Apple Pay couldn't have helped me out there.
ReCode is out with a report that Apple (NASDAQ:AAPL) is expected to push further into the Fintech space by providing a Venmo-like peer to peer money transfer service.
Apple Pay continued its strong momentum, with the number of users more than tripling over the past year, and hundreds of millions of transactions and billions of dollars in purchases in the December quarter alone. These cards would be tied to the service, giving iPhone owners a physical product as well as a digital one. Which one? Would you embrace Apple Cash? But Apple Pay adoption has underwhelmed since it launched in 2014.
Whether or not any of these plans come to fruition is still up in the air, but sources inside major U.S. banks tell Recode that Apple has been underwhelmed by the usage of Apple Pay over the past two and a half years.
An Apple-Visa solution along these lines would be great for college students and younger adults, for example, who may not have access to a traditional bank account but still want to have control of their finances from the convenience of their iPhones.
IL democrats introduced a bill that would keep abortions legal in the state if Roe versus Wade gets overturned. The house passed the abortion expansion despite a veto threat by the state's Republican governor, Bruce Rauner.
And that supervillain existed in the same world as Bruce Willis' superman character David Dunn , from Unbreakable . Shyamalan will once again team with Jason Blum, of Blumhouse Productions , and Universal Pictures.
The three envoys also agreed that China has a key role in pressuring North Korea to abandon its missile and nuclear programs. Ambassador to the United Nations Nikki Haley at a lunch with ambassadors of countries on the U.N.
Corn planting here in northwest Iowa was 5% complete, well below last year's average of 36% complete for the same period. Pasture conditions are 74 percent good to excellent, while livestock conditions and feedlots are improving.
As it turned out this became the first time in six years that he had his serve broken seven times in a best of three match . But sitting here, being 4-Love up in the third, I haven t lost many matches like that in my career.
Salman fired Minister of Civil Service Khaled al-Araj, who will be investigated by a committee of the Royal Court. Prince Khalid replaced Prince Abdullah Bin Faisal Al-Saud atop the Kingdom's mission in the U.S.
Soules was charged with a class D felony for leaving the scene of the accident. "That's gonna be the subject that took off". Soules decision to flee the scene of the crime instead of calling for emergency medical services could have cost Mr.
A chief of the local Ubaid tribe told the Times that three militants were killed and another five injured by the rowdy hogs. The Iraqi military claimed on Tuesday to have taken back the al-Tanek neighborhood, the largest in Mosul's western half.
But the system's installation is also upsetting China, the country Trump hopes to work with to rid the North of nuclear weapons. On the U.S. side, President Trump and his administration say that "all options are on the table", including military action.
Police targeted men who searched for prostitutes online, but did not arrest men who were seeking sex with an adult. Troung says numerous children involved in the sex trade have a hard time trusting and explaining what they know.
Instagram adds 100 mn users in four months to hit 700 mn
Instagram has been aggressively rolling out features to rival Snapchat, and its strategy to eclipse it is to become more like it. Having reached 600 million users back in December, the platform has seen a major increase in users in the first quarter of 2017.
Raptors beat Bucks 87-76 in slugfest, tie series at 2-2
We trust our game plan and hopefully we can get Game 5.We're going to go there, and for sure it's going to be loud. Giannis Antetokounmpo , who was averaging 23.7 points and 10.3 rebounds for the series couldn't get into the flow.
Fiat Chrysler quarterly earnings up by more than a third
On 12/29/2015 announced a special dividend of $0.01 with an ex dividend date of 1/4/2016 which will be payable on 1/5/2016. Covering sell-side analysts have recently weighed in on shares of Fiat Chrysler Automobiles N.V. (NYSE: FCAU ).
The New YI Halo VR Camera Introduced by Google
It can also wirelessly connect to a mobile device so you can control the camera and preview and review your videos and photos. It is a modular camera rig making it easy to upgrade or add new components as they become available in the future.
Bailout monitors head back to Greece
Greece posted a primary surplus of 4.2% of gross domestic product, excluding interest payments for 2016, Eurostat figures showed. There is a different statistical treatment on some expenditure and revenue items under the terms of the bailout program.
Saints 'closing in' on deal with Adrian Peterson
Speculation regarding free agent running back Adrian Peterson and the Green Bay Packers may soon come to an anticlimactic end. He is reportedly closing in on a deal with the New Orleans Saints , as the New Orleans Times-Picayune first reported Monday.
Moto Z2 Play leaked, looks pretty much like the current model
Unfortunately, no specs were provided with this leak , so it's impossible to guess what internal changes Motorola has made. This bump in a battery is also expected to be present in Moto Z2 play because it affected the sale of Moto Z Play a lot.